Bitcoin And Ethereum ETFs Record Outflow Streak Amid Market Turmoil!

The post Bitcoin And Ethereum ETFs Record Outflow Streak Amid Market Turmoil! appeared first on Coinpedia Fintech News

On 29th August, only 1 BTC ETF has recorded a positive inflow. Reportedly, ARK’s “ARKB” has added $5.3 Million whereas 5 ETFs have recorded a neutral flow. Conversely, Fidelity’s “FBTC” has recorded the highest outflow of $31.1 Million, followed by Grayscale’s “GBTC” with $22.7 Million. Blackrock, Bitwise, and Valkriye are among the other losers. On the other hand, Grayscale’s “ETH” is the only Ethereum ETF with a positive inflow of $3.6 Million. With 7 ETFs recording a neutral flow and Grayscale’s “ETHE” losing $5.3 Million, the total flow for the day stood at -$1.7 Million.